FinTech Employment News

200 SA jobs promised in online home loan venture

by Australian FinTech Jobs in Job Market 25/07/2017

The State Government says 200 jobs will be created in South Australia’s financial sector, in a deal announced today that it says undermines the big banks’ criticism of the state’s investment appeal.

The Government has used its Investment Attraction Agency’s funds to entice a fintech company, Tic: Toc, backed by Bendigo Adelaide Bank, to create new jobs and relocate staff to Adelaide to support what the company claims is the world’s first complete online home loan platform.

The platform promises customers home loan approval in 22 minutes, rather than weeks.

Investment and Trade Minister Martin Hamilton-Smith said the Investment Attraction Agency’s economic investment fund had offered the venture a $900,000 grant, without which the jobs and investment might have gone interstate.